Marine Link
Wednesday, May 23, 2018

Oil And Gas Market News

Fugro Bags Australian Subsea Contract

Fugro has been awarded a contract from INPEX Operations Australia Pty Ltd (INPEX) for subsea services to be executed across the Ichthys facilities in the Timor Sea, located approximately 220 kilometres from the coast of Western Australia. INPEX is Japan’s largest oil and gas exploration and production company. The five year contract encompasses field operations support, inspection, repair and maintenance (IRM) services and will run for five years, with options to extend. Fugro will provide all services through its office in Perth. The work will be performed under Fugro's QHSE system, which is in accordance with industry leading QHSE and operational standards.

AETI Names Troy Coker Director of Sales for Upstream Oil and Gas Market

American Electric Technologies, Inc. announced Troy Coker has joined its flagship M&I Electric business unit as director of sales for the company's upstream oil and gas markets. This newly created role is focused on meeting the strong demand AETI and the company's international joint venture operations in China, Brazil and South East Asia are experiencing for their power delivery solutions for the offshore production market. Coker reports to James Steffek, president of M&I Electric. "Troy brings significant power delivery experience to our team," said Steffek. Coker (43) joins AETI with more than 15 years of experience in electrical industry marketing and sales…

Ron Person Joins Klüber

Photo: Klϋber

KlĎ‹ber Lubrication, a worldwide manufacturer of specialty lubricants, announced that Ron Person has joined its North American operations as director of business development for oil and gas. In his new role, Person will be responsible for further developing application-specific support and customer service initiatives designed to better position Klüber Lubrication as a specialty lubricant producer in the oil and gas market. Person will work closely with key equipment manufacturers in the industry to match existing Klüber products to applications…

Canyon Offshore Wins Contract on Deepwater Canyon Express

Canyon Offshore has been awarded a one-year Remotely Operated Vehicle services contract to support maintenance on the Canyon Express development in Mississippi Canyon in the Gulf of Mexico. At 7,200 feet of water, Canyon Express is the deepest operating production project in the world and includes three separate gas fields, King’s Peak, Aconcagua and Camden Hills. Under the terms of the contract, Canyon will provide integrated ROV and DP vessel services on an ongoing scheduled and callout basis. Initial planned work includes a detailed baseline CP and visual survey of the East and West flowlines, and the main umbilical and methanol coiled tubing lines. In addition, Canyon will replace subsea chemical injection valves and undertake other field maintenance and intervention tasks as required.

Harris Pye Opens New Office in Dubai

Harris Pye marked another milestone in their bid for further global expansion last week with the opening of their brand new company in Jumeirah Lakes Towers, Dubai, United Arab Emirates. This company was established to centralize engineering teams to support global business dealings with regard to offshore. Mark Prendergast Group Managing Director commented, "This office is specifically set for a purpose - the oil and gas market sector." With the management's sights set on expansion within the offshore market the new branch opening should allow for some fierce competition. Dubai was selected from a shortlist as it presented Harris Pye with an exceptional level of resources and skill sets by experienced personnel.

CEVA launches City of Energy in Middle East

City_of_energy

CEVA Logistics, one of the world’s leading global supply chain management companies, today announced the official opening of the City of Energy in the United Arab Emirates. The hub, which covers an area of 27,000 sqm of warehouse space and 10,000 sqm of yard space, is strategically located in Jebel Ali Free Zone in Dubai and is fully dedicated to the warehousing and handling of oil and gas products for the Energy sector. The cutting-edge logistics platform is unique in the Middle East, being the first logistics company with a facility dedicated solely to the oil and gas market.

Fugro Cut Costs on Market Downturn

Sales down 2.1 percent, order backlog falls 11 percent. Dutch marine services company Fugro said on Wednesday it would further cut costs and reduce the number of ships in its fleet in light of the continuing downturn in the oil market affecting its customers. The company reported a 2.1 percent fall in sales to 594 million euros ($652 million) for the first quarter of 2015 from the same period a year ago. It said its order backlog for the remainder of 2015 has fallen by 11 percent to 1.61 billion euros. "The drop in backlog however is a clear signal of the continuing downturn in the oil and gas market," CEO Paul van Riel said in a trading update. "In light of oil and gas market developments and reduced visibility, we have decided to implement additional cost reduction measures," he said.

BG Global LNG Appoints New VP

BG Global LNG appointed David Maxwell to the leadership team of the Global LNG business, according to a Chron.com report. As vice president and general manager, LNG Business Development, Maxwell will be responsible for developing new LNG opportunities in Asia Pacific for BG as well as helping to realize existing opportunities. Maxwell was with Woodside where he was director, Gas and Marketing and was involved in the development of Woodside's natural gas and LNG portfolio. He brings an in-depth knowledge of the oil and gas markets in the Asia Pacific region. Prior to this he was with Santos and had responsibility for marketing and business development. Maxwell will be based in BG's offices in Singapore. Source: Chron.com

BG Global LNG Appoints New VP

BG Global LNG appointed David Maxwell to the leadership team of the Global LNG business, according to a Chron.com report. As vice president and general manager, LNG Business Development, Maxwell will be responsible for developing new LNG opportunities in Asia Pacific for BG as well as helping to realize existing opportunities. Maxwell was with Woodside where he was director, Gas and Marketing and was involved in the development of Woodside's natural gas and LNG portfolio. He brings an in-depth knowledge of the oil and gas markets in the Asia Pacific region. Prior to this he was with Santos and had responsibility for marketing and business development. Maxwell will be based in BG's offices in Singapore. Source: Chron.com

GranInvestimentos and Royal IHC Join Forces

Brazilian company GranInvestimentos and Dutch company Royal IHC are joining forces to deliver integrated life cycle solutions to customers in the oil and gas sector. Through this partnership, both companies are set to increase their operational and service activities, and expand their presence in Latin America. The association came into effect when IHC acquired a 50 percent share of GranEnergia – a subsidiary of GranInvestimentos that is active in the oil and gas market. The new partnership will be named GranIHC Services. It will provide integrated services to customers in the oil and gas industry in the fields of offshore maintenance and repair, logistical services and infrastructure facilities.

Harris Pye Takes on More Offshore Projects

Global maritime and offshore oil and gas engineering company Harris Pye is making significant gains in the offshore oil and gas market, according to Group Managing Director Mark Prendergast. “We are currently undertaking three major rig renovations simultaneously in the UK, Singapore and Brazil,” said Prendergast. In January, the company completed a comprehensive refit and refurbishment of Diamond Offshore Drilling Inc’s (DODI) drillship, The Ocean Clipper. All works were completed in just 90 days. The scale of the project was immense and included electrical works, accommodation, painting, cranes, 250 tons of steelwork, over two miles of piping renewals, and the removal and replacement of transformers and motors.

Sulzer Takes Measures in the Pumps Equipment Division

SBR Factory Jundiai

Based on the current challenging environment in the oil and gas market, Sulzer decided to take measures to streamline the manufacturing capacities of its Pumps Equipment division. Since the beginning of 2015, Sulzer’s Pumps Equipment division has been organized in three market-oriented business units Oil and Gas, Power, and Water, a dedicated global Parts, Retrofit, and Nuclear Services organization, and a Global Operations network. With the new setup, the company targets to make better use of its capacity and improve quality.

MISC Enters Thai Offshore O&G Market

Pairoj Kaweeyanun, President of Chevron Offshore Thailand, Ltd., and Tuan Syed Hashim Syed Abdullah, Vice President Offshore Business of MISC Berhad, after the signing of agreement between Chevron Offshore (Thailand) Ltd. and MISC Offshore Floating Terminals (L) Limited. (Photo: MISC Berhad)

Energy related maritime solutions and services provider MISC Berhad (MISC) has made inroads into Thailand’s offshore oil and gas market for the first time. MISC’s wholly-owned subsidiary, MISC Offshore Floating Terminals (L) Limited (MOFT) signed a contract for the lease and operations of a Floating, Storage and Offloading Vessel (FSO) for the FSO Benchamas 2 Project by Chevron Offshore (Thailand) Ltd. (COTL) in the Gulf of Thailand. The contract was secured through an international competitive bidding process and marks MISC’s maiden foray into Thailand’s offshore oil and gas market.

Aker Solutions Report Growth in All Segments

Aker Solutions ASA: Second quarter results 2012. Aker Solutions' operating revenues were NOK 11.9 billion in the second quarter and NOK 21.7 billion for the first six months of 2012. The latter is 33 per cent higher that the same period in 2011. Earnings before interest, tax, depreciation and amortisation (EBITDA), excluding non-recurring items, amounted to NOK 1 192 million with an adjusted margin of 10.0 per cent. Including non-recurring items, which includes a NOK 165 million gain related to sale of real estate, EBITDA for the quarter was at NOK 1 357 million. "We are pleased to see revenue and margin growth in almost all business segments.

Rolls-Royce Shares Jump as Commercial Marine Unit Sale Mulled

File Image: a Rolls-Royce water jet offering (CREDIT: Rolls-Royce)

Britain's Rolls-Royce said on Wednesday it was considering the sale of its commercial marine business, which has been hit by weak demand in offshore oil and gas markets, as part of a restructuring of the company into three core units. Shares in the company jumped after it said the loss-making unit could be sold. They were trading up 7.2 percent at 1330 GMT. The announcement came as part of a restructuring of the aero-engine maker into civil aerospace, defence and power systems units, with naval marine and nuclear submarines consolidated into defence and civil nuclear into power systems.

Aker Solutions Expands Indonesian Facility

Aker Solutions has opened a new, expanded manufacturing facility for surface trees and wellheads in Batam, Indonesia. The expansion is part of Aker Solutions' strategy to increase its presence in the Asia Pacific oil and gas markets. Aker Solutions has invested $17 million into the expansion, which included a 700-square-meter increase in building space, two new workshops, and a new warehouse. The facility now encompasses a total of 21,800 square meters.

Shoaibi Group, GMS in Joint Venture

A new joint venture between Saudi Arabia’s Shoaibi Group (SG) and the UAE’s Gulf Marine Services (GMS) has been created to provide offshore barge operation services. The new company, named “Gulf Maritime Services Saudi Arabia Ltd” (GMSSA), will be based in Al Khobar, Saudi Arabia, and will allow the JV partners to expand their off-shore operations of barge charters and avail from the scale of opportunity and future potential for all offshore areas arising in the region. Gulf Marine Services is currently the largest elevating support vessel operator in the Middle East…

US Joiner Announces Acquisition of Infinity Marine Offshore

Affiliates of US Joiner ("US Joiner") announced today the acquisition of Infinity Offshore Marine, LLC ("Infinity"). Infinity is a provider of turnkey marine joiner solutions to the offshore oil and gas market. The company's headquarters is in Houston, TX and it has operations in Brazil. This acquisition will enable US Joiner to further establish its position in the offshore oil and gas market segment and provide it a presence in Brazil. US Joiner is an independent domestic provider of turnkey marine joiner and furniture solutions for U.S. Government and commercial customers.

RigNet Gets Brazil Offshore Communications Contract

RigNet wins 6-year contract from major contractor for managed remote communications services on an ultra-deepwater drill rig. "It is a pleasure to bring the Brazilian oil and gas market high-quality, leading managed communications services," said Mauricio Rubinsztajn, RigNet's Brazil General Manager. Through VSAT technology solutions, RigNet is able to meet two priorities for the oil and gas community: high-performance and security. The demands on reliable offshore and onshore communication systems require dependable and efficient support around the clock. RigNet's Network Operation Center provides 24/7 network monitoring and can dispatch local field technicians when required.

SMIT Acquires GB Diving

SMIT acquired all shares of GB Holding B.V., the parent company of the subsidiaries GB Diving B.V. (oil & gas) and GB Diving -Inshore B.V. (civil). GB Diving is a Dutch company that provides ROV (Remote Operated Vehicles) and diving services, including project management, project engineering and related services for the high end of the oil and gas market. GB Diving's 30 employees will be integrated into the SMIT organization as a business unit named SMIT Subsea Europe. This new business unit will join SMIT Subsea Africa and SMIT Subsea Middle East, thus becoming the third regional subsea centre in the subsea network. For SMIT, this acquisition represents not only the addition of ROV technology and expertise to its range of services…

Kittiwake Appoints Lucas

Kittiwake Developments Limited, a leader in onsite and online condition monitoring equipment for fuel oil, lubricating oil and industrial water announced the appointment of Martin Lucas as Managing Director. Lucas, who took up his new position in September, has been involved in the development, manufacture and sale of instrumentation for the last 25 years and has operated in the aviation, marine, industrial and oil and gas markets during this time. He joined Kittiwake in 2000 as Sales Manager for Fuel and Lube Products focussing on the development of the business into new markets and expanding the business geographically. He was responsible…

Zamakona Earns Achilles FPAL Certificate

Photo: Zamakona Yards

Shipbuilding and repair group Zamakona Yards reports it has once again received the Achilles FPAL Assessment Certificate. The certificate indicates that industry group Achilles has approved Zamakona following an evaluation of its service in terms of quality, health, safety, environment, competence and training. Achilles FPAL aims to identify, evaluate and prequalify suppliers on behalf of the main actors in the oil and gas market. FPAL objectively analyzes company services, comparing…

Freudenberg acquires Vector Technology Group

Freudenberg Oil & Gas expands its position and expertise in the upstream segment of the oil and gas market with innovator in offshore sealing solutions. Freudenberg Oil & Gas announced that on January 11, 2013, 100% of the shares of Vector Technology Group, a major global supplier of high integrity sealing solutions for the oil and gas industry, were acquired by parent company Freudenberg Group, headquartered in Weinheim, Germany. The shares were acquired from the private equity firm HitecVision headquartered in Stavanger, Norway.

Maritime Reporter Magazine Cover May 2018 - Marine Propulsion Edition

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